Orchid at Dubai Creek Harbour Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Orchid at Dubai Creek Harbour, account number 0015*****171901 (shown in full in the Escrow Details section above). The account is recorded against DLD project number 2383, register name "Creek Beach - Orchid", which was registered with the Dubai Land Department on 5 April 2022.

Orchid was sold on a 70/30 launch structure: 10 percent on booking, six instalments of 10 percent each during construction, and 30 percent on construction completion. Each payment went into the escrow account first, and the bank released funds to the developer only against construction progress recorded by DLD and RERA inspections. The last recorded inspection, dated 10 October 2024, shows 100 percent, up from 94.58 percent at the previous inspection. The dated inspection record is tracked on the Orchid construction updates page.

Orchid is complete: the DLD project register lists it as Finished and its handover status is Ready, so the construction payment schedule the escrow account supervised has run its course. For a completed apartment, terms are agreed unit by unit with the seller instead of following construction milestones. A resale from an existing owner is settled at the DLD title transfer rather than paid into the project escrow account, while any payment instruction that names a project account should match the Dubai Islamic Bank escrow account registered in Dubai REST and the Sales and Purchase Agreement before funds are sent.

No. An off-plan payment for Orchid goes only into the DLD-registered escrow account 0015*****171901 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official the documents appear. Any such request should be checked against the escrow account registered in Dubai REST and the Sales and Purchase Agreement before any funds move.

Oqood is the Dubai Land Department's interim register for off-plan units. Apartments sold at Orchid during construction were recorded under Oqood, which tied each sale to DLD project 2383 and its escrow account. Once a completed unit is fully paid and handed over, the Oqood record is replaced by a title deed issued by the Dubai Land Department, and a purchase of a completed Orchid apartment today is registered as a title deed transfer.

The 4% DLD registration fee is calculated on the purchase price and paid to the Dubai Land Department when the apartment is registered in the buyer's name. It is a government fee, separate from the price of the unit, and it is not paid into the project escrow account.

Yes, in the sense that matters for capital. Funds stayed in the escrow account and were released only against recorded construction progress, whatever the calendar said. Escrow protects buyer capital while a project is completed; it does not itself compensate for delays, and delay terms sit in the Sales and Purchase Agreement. In Orchid's case the DLD register recorded 100 percent on 10 October 2024, 355 days before the registered completion date of 30 September 2025.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. That mechanism is why paying only into the registered account mattered: money sent anywhere else sat outside the protection. Orchid is past that question, since the register lists it as Finished after progress was recorded at 100 percent on 10 October 2024. The wider framework is explained in the Dubai Land Department guide.

The escrow account protects buyer payments by holding them in a supervised account that releases funds only against recorded construction progress. It does not compensate for delays, which are governed by the Sales and Purchase Agreement; it does not guarantee resale prices or rental income; and it offers no protection for money sent to any account other than the registered one. It also does not replace a check of the finished apartment before it is accepted.

The account can be verified in the Dubai REST app under Services, then Project Status, by searching project number 2383 or the register name "Creek Beach - Orchid" and opening the Escrow Account panel. The panel lists Dubai Islamic Bank (Public Joint Stock Company) and the account number shown masked on this page as 0015*****171901, which should also match the escrow details recorded in the Sales and Purchase Agreement.

Orchid itself is the first entry: registered with the Dubai Land Department on 5 April 2022, recorded at 100 percent on 10 October 2024 with DCD and BCC certificates issued by that inspection, and now Ready. Emaar's recent Dubai deliveries under the same DLD escrow framework include Creek Palace (March 2026), a delivered Dubai Creek Harbour phase, Seagate (September 2025), June (June 2025) and Bliss (November 2024).